Overview

2.0Credits

While its effective date is still a while away, it is not too early to get your hands around the details of the FASB's new leases standard. Designed for accounting and auditing practitioners at all levels in both public accounting and business and industry, this course provides a thorough overview of the FASB's new lease accounting standard (ASU No. 2016-02) that was released in February 2016. You will learn about the long awaited lease accounting standard for lessors and lessees, including sale and leaseback transactions. Plenty of practical application illustrations are used, including journal entries, to help in understanding this complex area of accounting.

Objectives

Be familiar with the FASB's new lease accounting standards and guidance

Major Topics

Leases (Topic 842)

Overall lease accounting guidance

Lessor Accounting 101

Lessee Accounting 101

Detailed review of accounting by lessees

Sale and leaseback transactions

Transition guidance

Designed For

Accounting and auditing practitioners at all levels desiring to be up-to-date on the FASB's new lease accounting guidance